How to Get a Loan for Home Furnishing Merchant Wholesalers

Looking for business loans for home furnishing merchant wholesalers? Try the SBA. This $418,000 home furnishing merchant wholesalers loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Lubbock, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was City Bank, based in Lubbock, Texas.

SBA Loan Borrower

COMPANY TYPE: HOMEFURNISHINGS
LUBBOCK, TX 79404

SBA Loan Lender

CITY BANK
5211 BROWNFIELD HWY
LUBBOCK, TX 79407

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5023 - Homefurnishings

NAICS Code

423220 - Home Furnishing Merchant Wholesalers

Loan Approval Date

6/16/2004

Loan Approval Gross Amount

$418,000

Loan Approval from the SBA

Of the total $418,000 loan amount, the SBA guaranteed $313,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 19 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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